Please use symbol entry at top right of page to search
|
(Adds analyst quote, updates prices) By At The energy sector dropped 1.5% as crude oil fell after a two-day rally on renewed concerns over weaker demand and the prospect of more interest rate hikes, trumping support from the first output target cut since 2020 by OPEC+. The financials sector logged its worst day in more than two years, losing 3.6%, while the industrials sector rose 2.09%. "As the Bank of Canada (BoC) is expected to announce an
interest rate hike on Traders see a 94% chance of a 75-basis-points rate hike at the BoC policy meeting on Wednesday, lifting its policy rate into restrictive territory for the first time in two decades, but bets are split on whether or not a pause will follow. Meanwhile, Last week's selloff has brought the The TSX was closed on Monday for the Labour Day holiday.
(Reporting by
Copyright © Reuters 2008.
All rights reserved. Republication or redistribution of Reuters content,
including by caching, framing or similar means, is expressly prohibited without
the prior written consent of Reuters. Reuters and the Reuters sphere logo are
registered trademarks and trademarks of the Reuters group of companies
around the world.
Search NewsFilter ResultsPublication DateTopicProvider
|
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.